As part of the public consultation on the review of its Environmental and Social Sustainability Framework (ESSF), 25 civil society organisations sent a joint submission to the European Investment Bank's (EIB) urging it to improve its policy and standards.
Signatories of this submission express their disappointment about the draft Policy, as it does not bring any significant improvement to the current EIB Statement of Environmental and Social Principles and Standards. It is mostly a harmonisation and technical updating exercise, missing the objective of enhancing the EIB’s impacts.
The new Policy would do nothing to address a key challenge at the EIB, which is about closing the gap between its standards and their implementation on the ground. Therefore, the Policy, the Standards and the Procedures require important modifications, for which the subm
Read the full submission here:
Joint Submission EIB Group Environmental and Social PolicyDOWNLOAD HERE
Find out more about the EIB's ESSF review and other CSO's contributions here